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Prices Paid: Buying & Leasing Experiences Subaru Outback Lease Questions
249 messages, Last post on Nov 25, 2009 at 8:55 AM
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Ciao. This is my first time posting, and I know it's in the wrong forum. I just thought I'd get more traffic here. Thanks for understanding. I'm looking at a leftover '07 Legacy Limited wagon, Diamond Grey w/black leather interior. From the dealer: 52% residual .0023 money factor based on "$300 under invoice": $24,379. Lease calculator based on 6% sales tax and 39 months: $354, that's adding $1000 Subaru cash incentive. However, because the dealer quoted me under invoice already, should I forget about this $1000? It still seems a little high to me. Is this a good deal? J. |
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The dealer came back with other numbers on the Limited. $0 down, 15,000 miles/year, 39 months: $369, T,T&L folded into monthly payment. T,T&L= about $1100. If I put that down, for the same lease on the same vehicle, he quoted me $339. This sounds like the right deal. Now...I found another dealer much closer to my home with a silver Special Edition. No 6-CD, no auto climate control, but they're quoting me a price to put the full leather interior in and do a lease: with $525 down: $358, month, 42 months. At that same dealer, on "a" Limited wagon, they're quoting: $385/month, 48 months, $0 down. This is with an "acquisition fee" folded into the monthly. Personally, I'd prefer the first vehicle; I'd have to go farther to get it, but I don't really want to get into this car for a year past its factory warranty. Is this a good deal? I'm shopping it against the Hyundai Santa Fe, Honda CR-V, or a deeply deeply discounted Nissan Murano. The Subaru beats them all on gas mileage, and has similar usable space in the back. The handling on the hunkered-down Legacy is good for a wagon, in my opinion. Thanks for your help, J.
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Replying to: jad376 (Jun 21, 2007 8:18 am) |
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Thanks for the advice, but the dealer didn't say anything about gap insurance. What would it be for this kind of lease (car's selling price = $24,379 so far, I want to get it down to in the $23s, but original MSRP was almost $27,000). However, rather than taking the selling price down any, my only other idea at the moment is either using my good credit score to get a better money factor (.00235 is what they were offering, more accurately)...or I was thinking of getting them to install Outback roof rails if I took the $339 deal. Still, though, it seems a bit much...I'm suspicious at a car dealer who is actually willing to be forward with me. There is something I've got to be missing. |
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Replying to: bobbyjones (Jun 09, 2007 7:30 am) Yes, I ended up keeping the 05 Outback. I figured I might as well wear it out for the next 6 months instead of my purchased Baja. - Art
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Replying to: linusthelab (Jun 23, 2007 7:20 am) I'm asking because I'm looking to buy. I'm days away from leasing / buying new but would love to try and get into something like yours if the residual was right! -B
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Replying to: bobbyjones (Jun 23, 2007 12:43 pm) The residual is about $18500 or so when I turn it in at the end of the year. I don't remember the exact price. I checked into lease transfers but it appears that Subaru does not allow that. A friend of mine is considering buying it at the end of my lease. I think it's worth it. - Art
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Replying to: linusthelab (Jun 23, 2007 7:58 pm) Well, good luck with it then. -B |
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The dealer replied via email that "gap insurance is included". Do I absolutely need this? Which situation would I not need gap insurance? What hidden costs would be in the lease that I can try to eliminate in addition to getting the selling price down further below what he's offering? Again, the offer from the dealer: '07 Subaru Legacy Limited (last one left): MSRP: 26,140 "$300 under invoice" price offered: $24,379 $339/month, $1100 down, 15k/year, 39 months $369/month with $0 down Res: 52%, MF: .00235 I believe the MF could be slightly lower. What do you think? Thanks all!
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Replying to: jad376 (Jun 25, 2007 7:08 pm) I would never buy GAP for a loan, but I would never lease (I mean "normal" lease, not one of those exotic put 10 grand down or so) without GAP. |
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